DTCC launches tokenization service with 34 securities
- —First wallet and app partners include BitGo, Fireblocks, HashKey and Talos
- —Tokens are backed 1:1 by securities held at DTC with identical legal rights
- —Transfers between DTC-registered wallets run 24/7
- —DTC custodies roughly $30 trillion in assets
Why it matters: The largest US depository bringing tokenization in-house could accelerate the migration of traditional assets onto blockchains.
Source: PANews